Zhejiang Renzhi Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Renzhi has a total shareholder equity of CN¥56.5M and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥199.3M and CN¥142.8M respectively.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | n/a |
Cash | CN¥32.11m |
Equity | CN¥56.49m |
Total liabilities | CN¥142.77m |
Total assets | CN¥199.27m |
Recent financial health updates
Recent updates
We're Hopeful That Zhejiang Renzhi (SZSE:002629) Will Use Its Cash Wisely
Jun 05Zhejiang Renzhi Co., Ltd. (SZSE:002629) Shares Slammed 25% But Getting In Cheap Might Be Difficult Regardless
Jun 05Zhejiang Renzhi Co., Ltd.'s (SZSE:002629) Share Price Is Still Matching Investor Opinion Despite 25% Slump
Apr 16Zhejiang Renzhi Co., Ltd.'s (SZSE:002629) Share Price Matching Investor Opinion
Feb 27Financial Position Analysis
Short Term Liabilities: 002629's short term assets (CN¥161.6M) exceed its short term liabilities (CN¥142.7M).
Long Term Liabilities: 002629's short term assets (CN¥161.6M) exceed its long term liabilities (CN¥108.4K).
Debt to Equity History and Analysis
Debt Level: 002629 is debt free.
Reducing Debt: 002629 has no debt compared to 5 years ago when its debt to equity ratio was 258.8%.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 002629 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 002629 has sufficient cash runway for 1.6 years if free cash flow continues to reduce at historical rates of 23.1% each year.